---
title: "Ferrari’s First EV Coming Next Year for $535,000: Report"
description: "Ferrari is said to be working on not one but two EVs, and we'll reportedly see the first as soon as next year."
date: "2024-06-20"
modified: "2024-06-20"
authors:
  - name: "Nico DeMattia"
    job_title: "Contributing Writer"
    link: "https://www.thedrive.com/authors/nico-demattia"
url: "https://www.thedrive.com/news/tech/ferraris-first-ev-coming-next-year-for-535000-report"
categories:
  - "Car Tech"
  - "Electric Vehicles"
  - "Ferrari News"
  - "News"
  - "News by Brand"
tags:
  - "Ferrari"
  - "SF90"
  - "Supercar"
---

# Ferrari’s First EV Coming Next Year for $535,000: Report

![Close-up on a Ferrari badge in dim light.](<https://www.thedrive.com/wp-content/uploads/images-by-url-td/content/archive-images/080216-ferrari-sales-up-china-hero.jpg>)
*Ferrari \<em\>www.thedrive.com</em>*

While other automakers have either flirted with or thrown themselves fully into electric vehicles, [Ferrari](<https://www.thedrive.com/category/ferrari-news>) has been patient. Even Rolls-Royce has one now. Although the storied Italian make is no stranger to electrification in general—the LaFerrari, [SF90](<https://www.thedrive.com/news/the-ferrari-sf90-xx-is-a-1016-hp-hardcore-hybrid-hypercar-for-the-road>), and 296 GTB are a few examples—it's yet to launch a car without piston power. However, there's a first time for everything, and Ferrari will supposedly break its EV abstinence next year with a $535,000 model, according to [*Reuters*](<https://www.reuters.com/business/autos-transportation/ferraris-first-electric-car-cost-over-500000-source-says-2024-06-19/>).

In three to four months, Ferrari will be opening a new plant in Maranello that will manufacture the forthcoming EV, according to *Reuters*' sources. It's estimated that 14,000 cars left Maranello in 2023, but this new factory should bump production capacity to around 20,000 cars annually. And the company is going to need that extra capacity, as increased model lines will only lengthen Ferrari's already two-year-long wait list. Don't expect that lift in production to hurt the brand's exclusive reputation, though.

![](<https://www.thedrive.com/wp-content/uploads/images-by-url-td/content/2021/04/Ferrari-SF90-Stradale-hybrid-electric-car-plug-in-hybrid-ferrari.jpg>)
*Ferrari SF90 Stradale Ferrari*

"There is an increasing demand out there for Ferraris, and they have room to meet part of it without compromising exclusivity," Fabio Caldato, a portfolio manager at Ferrari shareholder AcomeA SGR, told *Reuters*.

Interestingly, this report also claims that Ferrari is already working on a second EV. We don't even know what sort of car Ferrari's *first* EV will be, so it's impossible to guess at the second. The Prancing Horse of course only recently launched its first SUV in history, the [Purosangue](<https://www.thedrive.com/car-reviews/2024-ferrari-purosangue-review-a-worthy-supercar-now-in-family-size>), though perhaps an EV presents a viable way to get to two.

An all-electric supercar, however, would put Maranello's beloved brand in rare territory, as it would be the only one of its major competitors to offer such a product. McLaren only has a hybrid, Lamborghini is working on one, and [Bugatti is about to launch a hybrid *today*](<https://www.thedrive.com/news/bugattis-new-v16-hypercar-is-coming-today-watch-the-reveal-here>). None have fully electric, dedicated performance coupes just yet. At $535,000, this electric Ferrari will be among the most expensive models in its lineup, with only the SF90 being pricier.

That high price tag and electric powertrain will likely make it one of the brand's lower-volume vehicles, as Mediobanca analyst Andrea Balloni says he expects "the new EV to be a niche model, accounting for just over 10% of annual sales." Ferrari intentionally caps its production numbers to maintain exclusivity and, even with two new EVs and a new facility, don't expect more than 20,000 Ferraris to roll off the line per year.

*Got tips? Send 'em to tips@thedrive.com*

## Author
Nico is a writer and reviewer from New Jersey who probably thinks he’s a lot funnier than he actually is. His love of cars began when he was just a kid playing Gran Turismo 3, grinding out enough race wins with a Mazda Miata to save up for an in-game RUF 911. That passion for small, lightweight sports cars drove his desire to learn more about the industry, get his hands on as many cars as he could, and bring those experiences to life on the page. He cut his teeth writing about BMWs, Volkswagens, and Audis, mostly, and has owned far too many of each. He’s on his fourth 3 Series sedan, but all of his old, cheap German cars have forced him to learn more about car maintenance than his mechanical capability can handle. Too many late nights have been spent scrambling to get a car running by morning so he could get to work. For some reason, he never seems to learn that old Bimmers probably aren’t the best daily drivers. But he loves more than just old German cars. He’ll gladly drive and discuss anything with four (or even three) wheels. Cars aren’t his only passions, though. Nico is also a big nerd and loves movies, video games, comic books, and cares far too much about the New York Giants. So don’t be surprised if you see football references or dumb, obscure movie quotes in any of his car reviews.

### Author social links  
[Instagram](<https://www.instagram.com/ndemattia/>)  
[LinkedIn](<https://www.linkedin.com/in/nico-demattia-90885540/>)